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View on market: Stay Cautious, be with quality business:

Asian stocks fluctuated in early trade Friday after surprisingly robust economic data helped propel U.S. indices to records. Yields on benchmark 10-year Treasury notes declined. Shares wavered between red and green in Japan and Australia and rose in South Korea. U.S. contracts slipped after equity benchmarks hit all-time highs overnight. Real estate, health care and technology shares led gains. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,630 as of 7 a.m.

 

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: Foreign Exchange Reserves on 16th April, 2021
  • USD: Building Permits (Mar) on 16th April, 2021

Non-Nifty Results: Mindtree, GTPL Hathway, DEN Networks, Aaron Industries, MMTC

International Markets:

U.S & Europe

Particulars    15th Apr. Chg Chg(%)
Nasdaq 14038.76 180.92 1.31
Dow 34035.99 305.1 0.9
FTSE 6983.5 43.92 0.63
CAC 6234.14 25.56 0.41
DAX 15255.33 46.18 0.3
Dow Fut.* 33,898.00 -23 -0.06

 

Asian markets:

Particulars    16th Apr. Chg Chg(%)
SGX Nifty 14628 8.5 0.06
Nikkei 29682.66 39.97 0.13
Straits Times 3193.19 8.42 0.26
Hang Seng 28793.46 0.32 0
Shanghai 3402.79 3.8 0.11

 

  ADR Watch:

Particulars       15th Apr. Chg Chg(%)
Dr Reddy 64.13 1.05 1.66
HDFC Bank 71.51 0.98 1.39
ICICI Bank 15.35 0.59 4
Infosys 18 0.69 3.99
Tata Motor 20.17 0.12 0.6
Wipro 6.56 0.46 7.54

 

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 74.92     -0.19
Brent 66.88 -0.09
Gold 1,760.65     -0.35
Silver 25.81     -0.57

 

FIIs & DIIs

Particulars   15th Apr.       14th Apr.
FIIs 979.70      -730.81               
DIIs    -526.63      243.80

 

Wpro Q4FY21 Result:

Revenue up 3.67% at Rs 16,245 crore versus Rs 15,670 crore (Bloomberg Estimate: Rs 16,077 crore) Net profit flat at Rs 2,972 crore Versus Rs 2,968 crore (Bloomberg Estimate: Rs 2,897 crore) Ebit flat at Rs 3,328 crore versus Rs 3,327 crore (Bloomberg Estimate: Rs 3,230 crore) Ebit margins at 20.50% versus 21.20% (Bloomberg Estimate: 20.1%) U.S. Dollar revenue up 3.9% at $2,152.4 million versus $2,071 million (Bloomberg Estimate: $2,196 million) Expects revenue from the IT services business to grow 11-13% in FY22. For the ongoing April-June quarter, it expects 2-4% growth, excluding new acquisitions Capco and Ampion.

 News Update:

Ashoka Buildcon:

Has received a Letter of Award from Gujarat Rail Infrastructure Development Corporation Limited for a gauge conversion project. The project cost is Rs 333 crore.

National Fertilizers:

Government has issued a request for proposals to engage legal advisors, merchant bankers and selling brokers to sell a 20% stake in the company via OFS.

Sadbhav Infrastructure Project:

Has raised Rs 550 crore by allotment 55000 unlisted, secured NCDs of the face value of Rs 1 lakh each on a private placement basis.

Yuken India:

Board has approved the amalgamation of Yuflow Engineering with the company subject to the approval of jurisdictional NCLT. Yuflow Engineering is a wholly-owned subsidiary of the company.

Kirloskar Ferrous Industries: Board to meet on May 5 to consider final dividend for FY21.

Angel Broking:

To consider the third interim dividend for FY21 at its board meeting on April 22, 2021. The record date for the dividend, if any, will be April 30, 2021.

Antony Waste Handling Cell:

Total operating revenue grew 4.4% on a sequential basis. For FY21, the operating revenue has increased 6.5% year-on-year. Total tonnage handled by collection and transportation business rose 2.1% quarter-on-quarter. Total waste processed by the company during the quarter improved ~2.9% as compared to Q3FY21. Total compost sales stood at 4,384 tonnes as compared to 2,291 tonnes in Q3FY21.

3i Infotech:

IDBI Bank sold 2.05 percent stake in 3i Infotech, reducing the shareholding to 6.94 percent from 8.99 percent earlier.

Balaji Amines:

India Ratings has affirmed the company’s long-term issuer rating at ‘AA-‘. The outlook is stable.

India’s Trade data:

India’s trade deficit in goods widened to $13.93 billion in March from $9.98 billion during the same period a year earlier, revised trade data released by the government on Thursday showed. Merchandise exports rose 60.29% in March from a year earlier to $34.45 billion, while imports were up 53.74% to $48.38 billion, the data showed.

Pledge Share Details:

JSW Steel:

Promoter Sahyog Holdings revoked pledge of 5.63 lakh shares on April 9.

JSW Energy:

Promoter JSW Investments revoked pledge of 2.31 lakh shares on April 9. Solara Active Pharma Sciences: Promoter Pronomz Ventures LLP revoked pledge of 2.60 lakh shares between February 16-19.

Source: MoneyControl, Livemint, Business Standard, Bloomberg, Investing

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